Trust Investment Advisors Sells 1,201 Shares of Pioneer Natural Resources (NYSE:PXD)

Trust Investment Advisors lessened its holdings in Pioneer Natural Resources (NYSE:PXD) by 17.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,737 shares of the oil and gas development company’s stock after selling 1,201 shares during the period. Trust Investment Advisors’ holdings in Pioneer Natural Resources were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hartford Financial Management Inc. raised its stake in Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after acquiring an additional 44 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources during the 3rd quarter worth about $29,000. Ancora Advisors LLC increased its position in shares of Pioneer Natural Resources by 77.4% during the 1st quarter. Ancora Advisors LLC now owns 149 shares of the oil and gas development company’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Carmel Capital Partners LLC bought a new position in Pioneer Natural Resources during the 3rd quarter valued at about $34,000. Finally, Jones Financial Companies Lllp boosted its position in Pioneer Natural Resources by 85.0% in the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock valued at $34,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 80.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com initiated coverage on Pioneer Natural Resources in a report on Saturday, April 13th. They issued a “hold” rating for the company. Scotiabank upped their target price on shares of Pioneer Natural Resources from $230.00 to $282.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial raised their price target on shares of Pioneer Natural Resources from $238.00 to $278.00 and gave the company a “hold” rating in a report on Friday, April 5th. Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $237.00 to $246.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Stifel Nicolaus lowered their target price on Pioneer Natural Resources from $243.00 to $224.00 and set a “hold” rating for the company in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $259.00.

Pioneer Natural Resources Trading Up 0.1 %

NYSE PXD traded up $0.18 during trading on Thursday, reaching $267.97. 1,402,057 shares of the stock traded hands, compared to its average volume of 1,989,909. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.21. The firm has a market cap of $62.60 billion, a price-to-earnings ratio of 13.23 and a beta of 1.31. The stock’s 50-day moving average price is $249.09 and its 200 day moving average price is $237.70.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a net margin of 25.28% and a return on equity of 22.42%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period last year, the firm earned $5.91 EPS. Pioneer Natural Resources’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that Pioneer Natural Resources will post 21.15 EPS for the current year.

Pioneer Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 annualized dividend and a dividend yield of 3.82%. Pioneer Natural Resources’s dividend payout ratio (DPR) is currently 24.70%.

Insider Transactions at Pioneer Natural Resources

In related news, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $235.25, for a total value of $2,352,500.00. Following the completion of the transaction, the director now directly owns 462,112 shares in the company, valued at approximately $108,711,848. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Scott D. Sheffield sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $235.25, for a total value of $2,352,500.00. Following the sale, the director now directly owns 462,112 shares of the company’s stock, valued at approximately $108,711,848. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Phillip A. Gobe sold 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $261.12, for a total transaction of $522,240.00. Following the completion of the transaction, the director now directly owns 11,132 shares of the company’s stock, valued at $2,906,787.84. The disclosure for this sale can be found here. Insiders have sold a total of 36,766 shares of company stock valued at $9,067,373 over the last 90 days. 0.57% of the stock is owned by company insiders.

Pioneer Natural Resources Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.